e& posted a strong start to 2026, reporting robust first-quarter financial results that underscored its continued expansion across core markets and its broader digital strategy.
The Group’s consolidated revenue reached AED 19.4 billion, reflecting 15.1 per cent year-on-year growth. Additionally, consolidated net profit rose to AED 2.9 billion, up 3.9 per cent year on year, excluding the gain from the sale of Khazna. EBITDA also increased by 16.5 per cent year-on-year to AED 8.6 billion.
Moreover, the Group’s subscriber base maintained its upward trajectory, rising 30.8 per cent year-on-year to 248.0 million. In its home market, e& UAE continued to perform strongly, with its subscriber base reaching 16.6 million. This growth was supported by the adoption of next-generation connectivity solutions and AI applications, which have become increasingly integral to the customer experience.
Subscriber Growth and Market Momentum
Masood M. Sharif Mahmood, Group Chief Executive Officer of e&, said, “Despite economic and regional changes, our agile business model has proven e&’s inherent strength and great ability to navigate challenges. Our proactive risk-preparedness approach and international diversification have enabled us to maintain our growth momentum in our home market and internationally, a testament to e&’s agility and resilience in operating under adverse circumstances.
Today, we stand on a solid foundation with a strong track record, giving us full confidence in e&’s ability to continue its upward trajectory. Throughout recent regional challenges, e& remained steadfast in fulfilling its national role by enabling business continuity, ensuring network resilience, supporting remote work and education systems, and harnessing our technological capabilities to guarantee seamless connectivity and uninterrupted digital services for all, under different circumstances. Our strong financial performance in the first quarter of 2026 reflects the success and resilience of our operations, underpinned by our commitment to creating sustainable shareholder value. We continued to deliver growth, with consolidated revenues of AED19.4 billion and EBITDA of AED8.6 billion, both up 15.1% and 16.5% year on year. This performance reinforces our position as a driving force in the region’s digital economy and a leading enabler of future-defining intelligent solutions.
We remain deeply inspired by the UAE’s visionary leadership, which has fostered a stable, growth-oriented environment while remaining agile and resilient in even the most challenging circumstances, enabling us to thrive and strive for more with confidence to keep delivering continuous success.”
Financial Performance Highlights
The first-quarter results reflected sustained revenue momentum, supported by continued demand for digital connectivity and technology-driven services. Additionally, EBITDA growth outpaced revenue gains, highlighting improved operating leverage and ongoing efficiency across the Group’s portfolio.
As a result, the company maintained positive profitability trends, despite regional volatility and shifting economic conditions. Moreover, the performance reinforced its position as a key participant in the region’s digital economy.
Strategic Focus and Digital Expansion
The Group continued to strengthen its digital positioning, supported by investments in advanced connectivity and AI-enabled solutions. Furthermore, rising subscriber growth across both domestic and international markets demonstrated continued demand for its expanding service ecosystem.
Therefore, the first-quarter results signalled a continued focus on scaling operations, sustaining shareholder value creation, and reinforcing long-term growth resilience across diversified markets.
